5 Talent Management Mistakes To Avoid At All Costs

A businessman is looking at Sacrificing Your Culture

Are You Making Talent Management Mistakes?
Talent management is important. In fact, our organizational alignment research found talent accounts for 29% of the difference between high and low performing organizations regardless of industry.  Could that be you in the photo above…considering the talent you have, the talent you’d like to have and the talent you need to grow?

The Five Most Common Talent Management Mistakes
Before you make major decisions regarding your talent management strategy, you’d be wise to read through the following common talent management mistakes that too many leaders make.

#1.  Assuming Current High Performers Will be Future High Performers
Keep in mind that you will be asking more of your current high performers than you did before. Are they capable of handling more challenging responsibilities and, if so, do they have the skills they need to do so? There are few who can step into an expanded role without a lot of help and training.

Know that, out of your current pool of higher performers, only a rare few can succeed at higher, bigger and more complex roles without significant support and coaching.

#2.  Assuming Current High Performers Are Fully Engaged
Most high performers set challenging goals for themselves – both personally and professionally. If their goals are not aligned with company goals, or if they are not as challenged as they desire, they are retention risks. In fact, our best places to work employee engagement research shows that a quarter of high potentials intend to leave their current jobs within a year and a third confess to not giving their current job their full attention and commitment.

As a leader whose success is dependent upon the success of others, it is critical that you ensure your top talent has aligned goals and challenging work. Give them opportunities to participate in high level strategic planning so they have greater insight and connection into the company’s plans for the future.

#3.  Assuming Current High Performers Need Protection From Failure
So much learning comes after a misstep or two. High potentials need to be allowed to make mistakes so they can learn from them and grow. A good part of their development should involve greater levels of scope, problem solving and decision making.

That’s what good leaders do – put high performers in meaningful situations where they must stretch, be bold and take some calculated risks.

#4.  Assuming Current High Performers Can be Adequately Developed by Mid-level Managers
Once you have identified an elite group of high potentials, don’t abandon them or relegate their development to mid-level managers. They are your organization’s future and, as such, should be groomed and coached by proven company leaders who know what it takes to succeed at high levels in your unique organizational culture.

#5.  Assuming Current High Performers Should be Compensated Just Like Others in the Same Role
High performers give more, and they rightfully expect more. This is not a time to be equal. Extra effort and higher performance deserve a differentiated level of rewards and recognition commensurate with their contribution.

Our research tells us it is imperative that high performers feel that they will be recognized and rewarded if they contribute to the organization’s success if you want them to be engaged and retained.

The Bottom Line
Avoid the common talent management mistakes above as you groom your elite performers and build your leadership pipeline to execute your business and people strategies.

To learn more about getting the most from your talent, Download Talent Management Whitepaper: 1/3rd of the Talent Management Recipe for Success Whitepaper

Comments are closed.

We partnered with LSA Global to help us invest in our people in the areas of performance coaching, diversity, and inclusion. They focused on helping us succeed and were very flexible in meeting our specific needs. LSA Global exceeded my expectations from a speed, quality, and value standpoint. I would recommend LSA Global to anyone looking for a true business partner.

Anita Luckinbill
Director, Human Resources

In the Next Generation Management Development courses, I was trained with skills and tools that have made me and my team more productive, motivated, and successful at communicating with other departments.

 

Kevin Ashman
Firmware Engineering Supervisor

I’ve partnered with LSA Global at two companies now, and I consider them a valuable and trusted training and consulting resource. They recommended just the right solution to address our management development needs and have wonderful facilitators that match YuMe’s culture and style of our management team. I would highly recommend LSA Global to any company wanting to deliver quality learning solutions with a valuable learning and development partner.

Maya Paul
HR Director

For our go to training outsourcing partner, LSA provides exactly what we want. As always, they deliver outstanding work!

Elizabeth Siebert
Director, Organizational Excellence & Development

Intuit

LSA provided top notch solutions right when and how we needed them. They exceeded my expectations from a speed, quality, and cost standpoint. I recommend them to anyone looking for a true business partner in the Learning and Development arena. The breadth and depth of their expertise has helped us hit tight deadlines across multiple projects.

Fortune 500 Financial Services Company
Director of Infrastructure & Technology

We partnered with LSA to pilot a customized behavioral interviewing program to help ensure that we continue to hire the best and brightest as we continue to rapidly scale. LSA’s ability to understand our business and our unique culture combined with their desire to ensure that the best practices framework truly fits our performance environment and is highly adopted by our people is a real blessing. Most other firms want to just ‘give you training.’ Not LSA, they are focused on helping me hit our hiring forecasts and attract A players.

Jennifer Remling
Director of Global Recruiting

AKQA

The LSA Global team was very receptive and flexible to our needs every step of the way. Their staff and facilitator demonstrated attention to detail, responsiveness, and professional courtesy. The participants were thrilled with the outcome and rated the communication skills workshop and the facilitator as ‘Excellent’. I’d highly recommend working with the LSA Global team to meet your professional development needs.

John Mastrorilli
FRDP Leader

Intuit

Avon’s success is dependent on strong relationships among our Customers, Representatives, Associates, and outside resources we hire to help us meet our business objectives. We were very pleased with the results from working with LSA Global to design and facilitate a custom program for our events management team. LSA demonstrated responsiveness, flexibility, and an innovative approach to working with us.

Deanna Rudnitsky
Senior Manager, HR Destiny Sales Region

I continue to be impressed by the level of leadership development and management expertise and quality of advice and facilitation that LSA has to offer. What a smart and client-centric group of great people who really know how to help leaders attract, engage, develop and retain top talent.

Tracy Esposito
Director, HR Business Partner

Each program is preceded by an assessment of the participants. The course is then designed to fit the specific parameters and needs of the group. The highly interactive delivery is provided by recognized experts in their fields. On the spot coaching is provided during the program and each participant receives individual follow-up after the course. Courses can be delivered in-person or virtually. Given the nature of Cisco’s business and the way we operate, these remote workshops are a must for anyone who joins our company. Their work is eye opening. Great content and fantastic delivery.

Frank J. Kuypers
Business Development Manager

I highly recommend LSA Global to anyone who is looking to improve individual or organizational effectiveness through their top quality programs and broad range of expertise.

Greg Pappas
VP of Human Resources

LSA’s customized Effective Presentation Skills program has helped me elevate my presentation skills to the next level. I now have a much greater self-awareness of my presentation skills and can leverage off of my strengths while working to improve upon other areas. I would definitely recommend this solution to anyone for whom business presentations are an integral part of their job.

Jim Elliott
Senior Marketing Manager

Samsung

What a refreshing change from the half-baked psycho-babble you normally get from training and consulting organizations. LSA gives you the practical and results-oriented assistance you need to define and reach your goal.  They provide a results driven plan – not just a temporary fix. They are great to work with, and even more importantly, they “get it!”

David Fiano
Vice President Human Resources

LSA helped to meet the needs of my teams within a very narrow timeframe. My team walked away with highly useful management tools and practices. LSA saved us time in delivering the right solution for our specific needs.

Sandeep Kumar
Director, Software Engineering, EPG

Harmonic has worked with LSA for over 8 years. We have found their partnership extremely beneficial. We recently implemented a Management Development Program that was designed and customized to support our company’s strategic initiative of hiring, building, and retaining key intellectual property and human talent. We worked closely with LSA to target and implement the right solutions with the greatest impact. I would recommend LSA to any company that’s looking for a trusted training and development partner.

Janice Passarello
Director of Human Resources

Evaluate your Performance

Toolkits

Toolkits

Download key published insights and tools from industry experts highlighting best practices in the areas of talent, strategy and culture.

More

Health Checks

Health Checks

Want to know how you stack up against leading organizations?  Receive a complimentary benchmarking analysis courtesy of an LSA Expert.

More

Whitepapers

Whitepapers

Get up to speed on timely solutions critical to your business. Published by LSA Experts based upon client feedback and key industry trends.

More

Methodology

Methodologies

First we identify the key metrics you want to improve. Then we assemble a dedicated team of elite experts who have successfully solved similar problems with similar clients.

More

Blogs

Stay up to do date with the latest information on how we help high growth companies align their culture and talent with strategy.

More

Case Studies

Client Case Studies

Real world consulting and training approaches from LSA projects, providing insights on how your company can outperform the competition.

More